2 Thermax Evolution: A SnapshotEstablished in 1966 as Wanson (India)Thermax Private Limited formed in 1980 and Wanson (India) merged with ThermaxThermax became a public limited company in 1996Featured in the Forbes Asia list of “Best under a Billion” companies in 20082

6 Reliable support for IndustryOur business-to-business solutions help a broad group of industries to be energy efficient and eco-friendlyOil & GasSteelAutomobileFoodCementChemicalsRefineries &PetrochemicalPowerGenerationTextileHotels & CommercialcomplexesPharmaPaper & Pulp6

7 Recognition for ThermaxFeatured four times in the Forbes’ list of Asia’s ‘Best under a Billion Companies’ (2005-’08)Listed among the top 100 of India’s most valuable 500 companies (Business Today ’07)Business Standard ‘CEO of the Year’ ( ) award for Chairperson7

8 PROPOSALTSESL proposes to use Programmatic CDM to promote use of Clean energy equipmentsCompany can create value for a large segment of small customers and accelerate the use of Renewable energy based Equipments as against conventional fossil fuel equipment.TSESL the coordinating and managing entity for the PoATSESL has developed a unique online monitoring system to monitor all the performance parameters of the equipments under the PoA

9 PoA for Biomass based heat generation systems in IndiaProgrammatic Proposal for small usersSmall and medium users untouched by the benefits of CDMLack of knowledge ,manpower ,technology and cost oftransaction of CDMAggregating CDM benefits will help switch a large number ofusers to green technology“a no risk” program for benefit of this segmentIT at the forefront to address issues of risk for allstake holders

10 TSESL PROGRAMMATIC CDM STRATEGYTSESL immediate proposal is to develop the following Programmatic CDMTSESL hopes to accelerate and promote the use of Renewable energyTo create sustainable energy solutions with customersfor reducing GHG emissions through innovativedeployment of value added services acrossthe product life cycle.EQUIPMENTNUMBERSNo of CERs/AnnumBIOMASS HEAT1501.1 Million

13 Strengths of Biomass heat generation systems PoAHigh quality engineering and technical capabilitiesCustomer connect for entire life cycle of the project activity100% Remote performance monitoring system for high level service supportmCarbon GHG monitoring web software for transparent MRVWell established systems and procedures as per ISO 9000All India network for distribution and service

18 Existing Barriers for PoAs implementationLiability due to Erroneous inclusion clauseValidation and Verification of CPAs by one DOEExpansion of PoAs after registration in LDC countries & countries covered under EB 55 Annex 12 loan schemeApproval from HCA for each CPA under a PoABaseline fuel should be conservatively declared by UNFCCC for LDC countries

19 Liability due to Erroneous inclusion clauseThe CPA is identified as erroneous inclusion up to first Issuance of CERs ie Within 6 mths after 1st issuance or 1 year from inclusion whichever is later then the DOE has to take the liability of the CPA.A DOE, that has not performed validation, registration, inclusion or verification functions with regard to this PoA shall conduct the review referred to in paragraph 9, by assessing a random sample of 10% of all CPAs currently included and submitting a report to Board within eight weeks.ProposalCPA which have passed the 1 year from inclusion and 6 months after 1st issuance should be cleared from the sample check and not be reopened for sample revalidation.Only those CPAs which are within 1 year and the 6 mths from issuance time line should be considered to be taken as a sample for check

20 Suggestions for improvementExpansion of PoAs after registration in LDC countries & countries covered under EB 55 Annex 12 loan schemeProposal – The registered PoA should be allowed expansion in LDC countries by taking a sample case CPA and get the same approved by having an HCA approval for that host country and a DOE inclusionA DOE shall request issuance for all CPAs included in the PoA during the specified monitoring period .The monitoring period must be consecutive.(EB 55 Annex 38 pg 8 clause 37 and 39)Proposal -DOE should be allowed to submit request for issuance for any CPAs verified and monitored during the specified monitoring period,should not be mandatory to monitor and verify all the CPAs in one lotA separate DOE may be allowed to submit request for issuance within 3 months or a DOE may be allowed to request for issuance within 3 months for different CPAsShould not be mandatory for consecutive periods

21 Suggestions for improvementDOE performing the validation currently is not able to perform verification activity for the same PoA.Proposal – DOE performing the Validation and inclusion of PoAs may be allowed to complete the verification process for completion of activityApproval from HCA for each CPA under a PoAProposal -HCA approval should not be mandatory for CPAs under a registered PoA as in a PoA the project could be included prior to actual start or commissioning of the Project.